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KUALA LUMPUR: Supermax Corp Bhd has cautioned that there could be a material adverse impact on its financial performance should efforts to divert its US glove shipments to other markets be unsuccessful.
KUALA LUMPUR: CGS-CIMB Equities Research has lowered the earnings outlook for Supermax Corporation Bhd and slashed the target price to RM2.16 from RM3.20 after the US Customs and Border Protection (CBP) announced it will seize all of its products that enter US ports.
KUALA LUMPUR: Supermax Corp Bhd is facing earnings downgrades from analysts following the US import ban on its disposable gloves.
PETALING JAYA: Shares of Supermax Corp Bhd tumbled by over 10% after it became the fourth listed Malaysian company whose products were banned by the United States customs in the past 15 months.
KUALA LUMPUR, Oct 21 (Bernama) -- Supermax Corporation Bhd’s representatives in the United States are currently in touch in the US Customs and Border Protection (CBP) to obtain more clarity and information on the Withhold Release Order (WRO) issued and the required measures going forward.
KUALA LUMPUR: The FBM KLCI slid just below the 1,600 psychological support as it entered midday amid profit-taking activity following the recent rally.
PETALING JAYA: FGV Holdings Bhd plans to appoint an independent auditor by next month to carry out the audit work for signs of forced labour accusations on the advice of US Customs and Border Protection (CBP).
Microsoft Corp, which has faced pressure from employees and shareholders over contracts with governments and law enforcement agencies, agreed to commission an independent human rights review of some of those deals.
A US federal judge has refused to lift trade restrictions on a subsidiary of Hong Kong-based textile company Esquel Group, which had been placed on the Commerce Department’s “entity list” for its activities in the Xinjiang Uygur autonomous region.